Latest news with #IRM
IOL News
6 days ago
- Business
- IOL News
National Treasury confirms malware on infrastructure reporting platform
National Treasury has confirmed that it has "identified malware on its Infrastructure Reporting Model website National Treasury has confirmed that it has "identified malware on its Infrastructure Reporting Model website, the online infrastructure reporting and monitoring system". In a statement issued to the media late on Wednesday, the Treasury announced that it has isolated the IRM servers to assess the extent of the compromise and to ensure the security of its systems. "Considering recent media reports since Sunday regarding security incidents affecting Microsoft platforms in the USA, NT has requested Microsoft's assistance in identifying and addressing any potential vulnerabilities within its Information and Communication Technology ICT) environment,". the Treasury said.
Yahoo
22-07-2025
- Business
- Yahoo
What to Expect From Iron Mountain's Q2 2025 Earnings Report
Portsmouth, New Hampshire-based Iron Mountain Incorporated (IRM) provides records management, data management solutions, and information destruction services. Valued at $29.4 billion by market cap, the company serves banking, energy, entertainment, healthcare, insurance, law firm, life sciences, retail, and pharmaceutical industries. The global leader in information management services is expected to announce its fiscal second-quarter earnings for 2025 before the market opens on Wednesday, Aug. 6. Ahead of the event, analysts expect IRM to report an FFO of $1.10 per share on a diluted basis, up 161.9% from $0.42 per share in the year-ago quarter. The company has consistently surpassed Wall Street's FFO estimates in its last four quarterly reports. More News from Barchart Opendoor Stock Is Surging Higher in a Frenzied Retail Rally. How Should You Play OPEN Shares Here? This Penny Stock Wants to Become the MicroStrategy of Dogecoin Robinhood Stock Stumbles as S&P 500 Inclusion Is Once Again Off the Table for HOOD Get exclusive insights with the FREE Barchart Brief newsletter. Subscribe now for quick, incisive midday market analysis you won't find anywhere else. For the full year, analysts expect IRM to report FFO of $4.61 per share, up 160.5% from $1.77 per share in fiscal 2024. Its FFO is expected to rise 11.3% year over year to $5.13 per share in fiscal 2026. IRM stock has underperformed the S&P 500 Index's ($SPX) 14.5% gains over the past 52 weeks, with shares up marginally during this period. Similarly, it underperformed the Real Estate Select Sector SPDR Fund's (XLRE) 3.7% gains over the same time frame. IRM's underperformance can be attributed to intense competition from other industry players, which is likely to result in aggressive pricing strategies that could negatively impact the company's performance. Additionally, high interest expenses and negative foreign currency movements remain areas of concern for IRM's prospects. On May 1, IRM shares closed up more than 2% after reporting its Q1 results. Its adjusted FFO of $1.17 per share exceeded Wall Street expectations of $1.16 per share. The company's revenue was $1.59 billion, missing Wall Street forecasts of $1.60 billion. IRM expects full-year adjusted FFO in the range of $4.95 to $5.05 per share, and expects revenue in the range of $6.7 billion to $6.9 billion. Analysts' consensus opinion on IRM stock is bullish, with an overall 'Strong Buy' rating. Out of nine analysts covering the stock, seven advise a 'Strong Buy' rating, one suggests a 'Moderate Buy,' and one gives a 'Strong Sell.' IRM's average analyst price target is $115.78, indicating a potential upside of 17.3% from the current levels. On the date of publication, Neha Panjwani did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. This article was originally published on Sign in to access your portfolio
Business Wire
14-07-2025
- Business
- Business Wire
Iron Mountain Schedules Second Quarter 2025 Earnings Release and Conference Call
PORTSMOUTH, N.H.--(BUSINESS WIRE)-- Iron Mountain Incorporated (NYSE: IRM), a global leader in information management services, will report its second quarter 2025 financial results before market hours on Wednesday, August 6, 2025. The Company will also host a conference call to discuss results on the same day. The earnings press release, conference call slides, and supplemental financial information will be available at: under 'Quarterly Results' prior to the call on Wednesday, August 6, 2025. The webcast link can be accessed under 'Investor Events' and you may register directly for the webcast at the following link: Webcast Registration. Investors who would like to join the conference call are encouraged to use the Pre-Registration Link to gain immediate access to the call and bypass the live operator. Participants will be given a unique PIN and may pre-register at any time, including up to and after the call start time. Call and replay information are as follows: Call Date: Wednesday, August 6, 2025 Call Time: 8:30 A.M. (Eastern Time) Domestic Call Dial In: 1-844-890-1796 International Call Dial In: 1-412-717-9590 Telephonic replay available two hours after the conclusion of the call for one week. Replay Domestic Dial In: 1-877-344-7529 Replay International Dial In: 1-412-317-0088 Access Code: 1097926 About Iron Mountain Iron Mountain Incorporated (NYSE: IRM) is trusted by more than 240,000 customers in 61 countries, including approximately 95% of the Fortune 1000, to help unlock value and intelligence from their assets through services that transcend the physical and digital worlds. Our broad range of solutions address their information management, digital transformation, information security, data center and asset lifecycle management needs. Our longstanding commitment to safety, security, sustainability and innovation in support of our customers underpins everything we do. To learn more about Iron Mountain, please visit
Business Wire
19-06-2025
- Business
- Business Wire
Iron Mountain Provides Update on U.S. Government Digital Award
PORSTMOUTH, N.H.--(BUSINESS WIRE)--Iron Mountain (NYSE: IRM), a global leader in information management services, today provided an update on its recently awarded contract by the U.S. Department of the Treasury. The company has commenced work under the award and is actively digitizing documents and leveraging its proprietary intelligent digitization solution as part of the engagement. Earlier this week the U.S. Department of the Treasury issued a Request for Quotations (RFQ) for a new long-term engagement for digitalization as a service, with an expanded scope and a lengthened contract period of five years. If awarded, this new RFQ would incorporate the work awarded to Iron Mountain in April. The company welcomes the opportunity to compete for this larger and longer duration contract. Having successfully completed numerous digital transformation projects for the U.S. Government, having been awarded the earlier iteration of this opportunity, and having the benefit of doing the work under its current contract, Iron Mountain believes it is well positioned to provide the U.S. Government with a superior end-to-end solution that can fully support this efficiency initiative. The company has begun the process of responding to the RFQ and expects to submit its response before the government's July 11, 2025 deadline. In the meantime, we continue to work and be compensated under the initial award given the time criticality of the U.S. Government's requirement. As previously disclosed, the company has not included any benefit from the Department of Treasury award in its 2025 financial guidance. About Iron Mountain Iron Mountain Incorporated (NYSE: IRM) is trusted by more than 240,000 customers in 61 countries, including approximately 95% of the Fortune 1000, to help unlock value and intelligence from their assets through services that transcend the physical and digital worlds. Our broad range of solutions address their information management, digital transformation, information security, data center and asset lifecycle management needs. Our longstanding commitment to safety, security, sustainability and innovation in support of our customers underpins everything we do. To learn more about Iron Mountain, please visit
Malay Mail
19-06-2025
- Business
- Malay Mail
Institute of Risk Management and the Malaysian Association of Risk and Insurance Management sign agreement to strengthen collaboration in Malaysia
KUALA LUMPUR, June 19 — The Institute of Risk Management (IRM) and the Malaysian Association of Risk and Insurance Management (MARIM) signed a Memorandum of Understanding (MoU) yesterday to enhance collaboration and advance risk management practices in Malaysia. This MoU was established with the aim of generating mutual benefit for both organisations signalling a shared interest in advancing risk management for the benefit of businesses and societies in Malaysia and beyond. 'The MoU sets the foundation for closer ways of working and focuses on joint face-to-face and virtual events, thought leadership initiatives and wider promotional activities with the IRM's global network of regional and special interest groups,' chair of IRM Stephen Sidebottom said at the signing ceremony here. Explaining further, Sidebottom said the IRM is a learning organisation committed to advancing the science and art of risk management. 'Our charitable purpose is to advance good, organisational and community resilience by building knowledge capital and social capital in risk management. 'We are looking at supporting individuals and institutions in developing their capabilities, confidence and connections needed to anticipate, navigate and prepare for natural and organisational (human) risks,' he said. The IRM is rooted in the belief that professional risk competence leads to more resilient societies, more sustainable organisations, and improved outcomes for people, economies and the environment, Sidebottom added. In addition to that, he said the MoU and commitment of goodwill marks a significant milestone in IRM's commitment to supporting risk professionals in Malaysia. 'By working together with MARIM, we can drive innovation, share expertise and elevate risk management standards across industries,' he said. The MoU signing ceremony was also attended by George Freeman, MP, UK Trade Envoy to Malaysia. 'I was pleased to join this event in my capacity as the UK Prime Minister's Trade Envoy to Malaysia, a role focused on strengthening trade and investment ties between our two countries. 'Risk is no longer an isolated concern—it is now embedded in every layer of business, policy, and strategy. 'Organisations like the IRM play a vital role in maintaining those high standards and exporting best practice internationally,' Freeman said. Chair of the Institute of Risk Management Stephen Sidebottom (right) and chair of Malaysian Association of Risk and Insurance Management (MARIM) Muhammad Faisha Shahriman signing a memorandum of understanding to enhance risk management practices in Malaysia. — Picture by Sayuti Zainudin He added that from a trade perspective, embedding risk management strengthens the case for investment, ensures business continuity, and helps companies innovate responsibly. 'The UK has long been a global centre for governance, risk, and compliance expertise. 'The British High Commission in Kuala Lumpur, including our Department for Business and Trade (DBT) team, stands ready to support UK and Malaysian organisations in building partnerships, sharing expertise, and expanding responsibly into each other's markets,' he added. Chair of MARIM Muhammad Faisha Shahriman echoed the sentiment, adding that MARIM welcomes this strategic partnership with IRM, which will see the opening of new pathways for advancing the risk management profession in Malaysia. 'This MoU enables us to leverage IRM's global expertise to provide Malaysians risk and insurance professionals with access to their global risk management standard setting. 'By strengthening local capabilities through thought leadership, research opportunities and collaborative events, we aim to support risk managers in addressing industry challenges and driving business resilience. 'This partnership ensures that professionals in Malaysia can benefit from global insights while applying them effectively to local market needs, helping to raise standards and advance the profession,' Muhammad Faisha said. The event also saw the launch of the first-ever in-person delivery of IRM's flagship Fundamentals of Risk Management (FoRM) course in Malaysia, which is now HRD Corp-funded. 'This landmark training will take place at Cititel Mid Valley, Kuala Lumpur, on July 22 and 23, 2025, offering business and management professionals a dynamic, interactive introduction to Enterprise Risk Management (ERM). 'Led by Shantini Paul, an experienced risk and compliance professional with over 15 years of training expertise, this course combines theory, case studies and practical exercises aligned with ISO 31000 and industry best practices. 'Participants will gain essential risk management skills, helping them make smarter decisions, reduce losses, and create safer, more resilient workplaces,' Sidebottom said. The IRM is a leading professional body for Enterprise Risk Management (ERM) that provides globally recognised qualifications, training and advisory, publish thought leadership and run insightful events open to both our members and the wider public, all of which are underpinned by our professional standards, defining the requirements risk managers need to meet. It focuses on helping organisations and individuals build excellence in risk management and raise awareness of risk across society so that they protect value and take advantage of opportunity. IRM is a registered charity. As for the MARIM, it is a non-profit trade association representing corporations which practice risk and insurance management in Malaysia. MARIM was founded in 1992 and the association is managed by an executive committee elected by its members. The main objective of MARIM is to promote, foster and develop concepts and practices of risk and insurance management.
